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FlowBank vs Eightcap 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is FlowBank better than Eightcap? In our analysis of 23 international regulators across 62 of the best forex brokers, FlowBank is considered average-risk, with an overall Trust Score of 77 out of 99. Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. Learn more about Trust Score.

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Overall RatingFlowBankEightcap
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 77 87
Winner check_circle
Review FlowBank Review Eightcap Review
RegulationFlowBankEightcap
Trust Score 77 87
Year Founded 2020 2009
Publicly Traded (Listed) No No
Bank Yes No
Authorised in European Union No info Yes info
Tier-1 Licenses 1 2
Tier-2 Licenses 0 1
Tier-3 Licenses 0 2
Tier-1 Licenses (High Trust)FlowBankEightcap
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) Yes No
FCA Authorised (U.K.) No Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)FlowBankEightcap
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)FlowBankEightcap
SCB Authorised (Bahamas) No Yes
FSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No Yes
InvestmentsFlowBankEightcap
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 408600 736
Forex Pairs (Total) 51 42
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostFlowBankEightcap
Average Spread EUR/USD - Standard N/A info 1.0 info
All-in Cost EUR/USD - Active N/A info 0.76
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingFlowBankEightcap
Minimum Deposit $0.00 $100
PayPal (Deposit/Withdraw) No Yes
Skrill (Deposit/Withdraw) No Yes
Visa/Mastercard (Credit/Debit) No Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsFlowBankEightcap
Proprietary Platform Yes No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading Platforms Gallery (click to expand)
Trading ToolsFlowBankEightcap
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 37 30
Charting - Drawing Tools (Total) 17 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingFlowBankEightcap
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No Yes
Mobile Charting - Indicators / Studies 5 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar Yes Yes
Mobile Trading Gallery (click to expand)
ResearchFlowBankEightcap
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes No
Autochartist No No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
Research Gallery (click to expand)
EducationFlowBankEightcap
Has Education - Forex or CFDs Yes Yes
Client Webinars No Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No Yes
Education Gallery (click to expand)
Major Forex PairsFlowBankEightcap
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review FlowBank Review Eightcap Review
OverallFlowBankEightcap
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 77 87
Winner check_circle
Review FlowBank Review Eightcap Review
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FlowBank vs Eightcap Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare FlowBank vs Eightcap.

Does FlowBank or Eightcap offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Eightcap offers better pricing overall for traders.

Is FlowBank or Eightcap safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Eightcap holds 2 global Tier-1 licenses, while FlowBank holds 1. Eightcap holds 1 global Tier-2 licenses, while FlowBank holds 0. In our analysis of 23 international regulators across 50 brokers, Eightcap earned a higher Trust Score than FlowBank.

Which trading platform is better: FlowBank or Eightcap?

To compare the trading platforms of both FlowBank and Eightcap, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FlowBank offers a better experience. With research, Eightcap offers superior market research. Finally, we found FlowBank to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FlowBank and Eightcap offer MetaTrader 4 (MT4).FlowBank and Eightcap both offer copy trading.

How many forex pairs and CFDs are available to trade?

FlowBank provides traders 51 currency pairs (e.g., EUR/USD) compared to Eightcap's 42 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while Eightcap has 736 available CFDs, a difference of 407864.

Can I trust FlowBank?

FlowBank operates a regulated Swiss bank, and is authorised by one tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).

Can I trust Eightcap?

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Is FlowBank good?

As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that weโ€™ve reviewed thus far.

Is Eightcap good?

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.aiโ€™s algorithmic trading platform.

Overall winner: FlowBank

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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